3.0.0 2117 2023-01-11T13:35:58Z 2023-01-11T13:35:58Z House HR 2017-04-25 115 [Congressional Record Volume 163, Number 70 (Tuesday, April 25, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SESSIONS:H.R. 2117.Congress has the power to enact this legislation pursuantto the following:Article I, section 8, clause 3 of the United StatesConstitution (relating to Congress' power to regulatecommerce . . . among the several states . . .). The UnitedStates Congress initially enacted ERISA under the CommerceClause in order to stabilize employee pension plans thatemployees carry with them across state lines. This billmodifies ERISA and is thus a regulation of commerce--specifically pension plans--among more than one state.[Page H2847]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2017-04-25T16:01:10Z 2017-04-25 Referred to the House Committee on Education and the Workforce. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2017-04-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-04-25 Introduced in House IntroReferral 1000 9 Library of Congress S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 N P000096 Rep. Pascrell, Bill, Jr. [D-NJ-9] WILLIAM PASCRELL D NJ J. 9 2017-04-25 True Labor and Employment Corporate finance and management Employee benefits and pensions Labor and Employment 00 2017-04-25 Introduced in House 2017-07-03T19:21:05Z Multi-Employer Pension Plan Partnership Act of 2017

This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to permit multiemployer pension plans that are in critical status and not expected to emerge from the status by the end of the rehabilitation period to adopt rules to forestall or avoid insolvency by revising the plan's terms and conditions for computing an employer's withdrawal liability.

Any such rule becomes effective 90 days after adoption unless the corporation disapproves it before the end of the 90-day period (subject to tolling while a request by the corporation for additional information is pending). A corporation may disapprove a rule only if the rule creates an unreasonable risk of loss to plan participants and beneficiaries or to the corporation.

]]> Multi-Employer Pension Plan Partnership Act of 2017 Display Title Multi-Employer Pension Plan Partnership Act of 2017 Official Title as Introduced To amend the Employee Retirement Income Security Act of 1974 to permit multiemployer plans in critical status to modify plan rules relating to withdrawal liability, and for other purposes. Introduced in House IH Short Titles as Introduced Multi-Employer Pension Plan Partnership Act of 2017 Introduced in House 2017-04-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2117ih/xml/BILLS-115hr2117ih.xml 2017-04-25 Referred to the House Committee on Education and the Workforce. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.